Examples of Target Net Book Value in a sentence
In the event that the Closing Net Book Value is less than the Target Net Book Value, Seller shall pay to Buyer an amount equal to the amount by which the Closing Net Book Value is less than the Target Net Book Value.
In the event that the Closing Net Book Value exceeds the Target Net Book Value, Buyer shall pay to Seller an amount equal to the amount by which the Closing Net Book Value exceeds the Target Net Book Value.
Profit reduction means the reduction in Target Net Book Value as presented on the June 1996 Pro Forma Financial Statements, by reason of (i) the return of Product, (ii) the sale of Product for less than $300 per kilogram by Mayacamas, and (iii) commissions paid to Mayacamas, pursuant to the Mayacamas Agreement.
The Closing Net Book Value Statement will be prepared in accordance with generally accepted accounting principles, consistently applied, as modified by the Statement of Accounting Principles, and shall be adjusted to U.S. dollars using the same exchange rate used in connection with calculating the Target Net Book Value.
The Closing Date Balance Sheet shall be prepared in accordance with GAAP and consistently with the calculation of Target Net Book Value and shall be in the form attached hereto as Schedule 2.7(a).